Ethena (ENA) price just tapped into one of its most important support zones after a long and steady correction. The price has been sliding for weeks, but this is the same area that held multiple times in both 2024 and 2025.
That’s why traders are watching the chart so closely right now. Even though sentiment has been weak, ENA has started to show its first signs of strength, especially on the lower timeframes – and that’s exactly what caught analyst WorldOfCharts’ attention.
Here’s What Ethena Chart Is Showing
On the lower timeframes, the ENA price decline finally eased as soon as it touched this major level. The candles look healthier, momentum isn’t falling apart like before, and sellers seem to be losing some control.
Top analyst WorldOfCharts pointed out that if ENA stays above this horizontal zone, the chances of a bounce improve. The trend hasn’t flipped bullish yet, but the bleeding has clearly slowed, and that’s an important shift after the non-stop downside we saw earlier.
Zooming out, the long-term chart adds even more weight to this moment. The ENA price has returned to a trendline that has supported it for over a year. Each time the price hit this line in the past, buyers stepped in strongly, and now we’re testing it again.
The wick reaction on the higher timeframe shows that demand is still there, even if the overall trend hasn’t reversed yet. The structure is doing exactly what it should at support; now it just needs continuation.
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What Ethena (ENA) Price Could Do Next
If Ethena can stay above this zone over the next few sessions, there’s a real chance for a bounce back into the mid-range levels it lost earlier this month. That move would show that buyers are regaining confidence and could open the door for a larger recovery.
But the downside risk is just as clear. Losing this support wouldn’t just break the horizontal floor; it would also snap the long-term trendline that has protected the chart since early 2024, which could trigger a deeper correction.
Right now, the ENA price is holding the line, showing early strength, and giving buyers something to work with. If demand continues to show up, this could be the start of the bounce traders have been waiting for. If not, the breakdown becomes the next major story. Either way, this level is going to decide how the rest of the month plays out.
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